Hi all,
I am new to real estate and excited to get started down this path. I am planning to begin a partnership with two other parties. One person will be contributing mostly capital and research while the other two ...
So if I got an IRA and set that up with the max contribution for the year, would lenders be able to consider the money in that IRA as the necessary requirement of having 3 times the mortgage value post-closing? I don...
Hi everyone! I am part of a new family-owned investment company. We made our first purchase in September 2023, a rental property averaging about $3k in monthly revenue so far. Our second property was booked for 3 mont...
Hi all,
I just joined BP after spending many hours reading through the wealth of information on this site. I am looking to get started in REI with a 2-4 family rental. I am fortunate to be in a situation to ...
I have an investment property worth $500K with a $150K mortgage.
Plan to 1031X into a $1M property with a partner. Partner would bring $500K cash and thus own 50%.
1. Is this type of 1031 into partnership (LLC) pos...
I am looking to purchase rehab property in NJ. Property has five apartments, retail stores at ground level as well as separate small warehouse/office. Asking price range is around 500k.
Property requires rehab prior...
Can someone walk me through this and give me some guidance on the best way I can use my money instead of letting it sit in the stock market?Called my Edward Jones guy today and long story short told him I'm not invest...
Hi BP Family,Couple questions to get my head wrapped straight.1. I intend to purchase a property using an LLC so I would have to collect funds and put them into that LLC.2. I have funds from real estate activities/re...
I purchased my first rental property and assigned it to my new LLC. The LLC is a single proprietor entity. The property needs a few repairs and money set aside for the current tenants' safety deposits. Is it appropria...
Hey all,Confused as to the current state of buying/selling after the NAR decision. Do I as a buyer need to pay my agent a negotiated 2-3% of the home purchase price? I do not see that home prices have dropped 2-3% and...